Estate Planning Basics Training Class

Course ID: 9339

Estate Planning Basics Training Seminar

Build a Solid Foundation in Estate Planning Basics

Regardless of what role you play in the estate planning process, you need a sound base of knowledge in fundamental estate planning elements in order to fulfill your client's needs. Since most of the tasks involved aren't part of any classroom curriculum, you can learn what you need to know in one of two ways: by trial and error, or by joining us at this intensive, one-day seminar. Don't waste valuable time - become a competent professional who can plan and draft an appropriate, basic plan that honors the goals and values of the client.

After joining us at this intensive seminar, you'll be able to use best practices to establish a solid client relationship built on trust. Get an overview on the drafting process for both wills and trusts, so you can choose the option that's best for the client and the situation. Structure plans that appropriately cover the probable tax burden, and save money whenever possible. Propose plans for incapacity and long-term medical care that leave clients feeling secure about the future. Incorporate charitable intentions into plans so clients' wishes are carried out as they have envisioned. Address some of the potential ethical dilemmas you may face and get concrete solutions for solving them without compromising your integrity.

Gather the appropriate information you'll need during the initial interview.
Get familiar with the standardized forms you'll use and know when and how to incorporate appropriate clauses.
Measure the impact of gift and estate taxes on the recipients and ensure that the plan addresses how the taxes are to be handled.
Enable clients to make smart decisions by knowing their options for financial and medical power of attorney.
Advise clients on the wealth transfer charitable tax deduction and help them select which assets are appropriate to donate.


	Agenda
	WHAT YOU NEED TO KNOW ABOUT WORKING WITH THE CLIENT Lester S. Schwartz, 9:00-10:00 Information to Gather at the Initial Interview Making Sure Client Wishes are Implemented Keeping the Client Involved Throughout the Process WILLS AND TRUSTS Irvin G. Condon, 10:15-11:15 Principles in Will Drafting Fiduciaries Forms Clauses Revocable and Irrevocable Living Trusts Funding the Trusts Using Irrevocable Trusts to Purchase Life Insurance BASIC TAXES YOU NEED TO BE AWARE OF Lester S. Schwartz, 11:15-12:00 Estate and Gift Taxes Marital Deduction Planning Generation-Skipping Transfer Taxes CONSIDERATIONS IN PLANNING FOR INCAPACITY Irvin G. Condon, 1:00-2:15 Financial and Medical Powers of Attorney Living Wills Asset Protection Trusts Advising the Dying Client CHARITABLE PLANNING Lester S. Schwartz, 2:30-3:30 Overview of the Wealth Transfer Charitable Tax Deduction Considerations in Assets to Donate Charitable Lead Trusts Charitable Remainder Trusts ETHICAL ISSUES IN ESTATE PLANNING Irvin G. Condon, 3:30-4:30 Avoiding Conflicts of Interest - Determining the Client Competency of the Client - When Diminished Capacity Becomes Apparent Maintaining the Relationship - Adequate Communication Confidentiality - What Should or Shouldn't Be Disclosed


	Audience
	This basic level program is designed to give estate planning and probate attorneys a base of knowledge in estate planning. Other professionals involved in the estate planning process including trust officers, estate planners, financial planners, insurance professionals, accountants, bankers and paralegals will also benefit from learning or reviewing the basics of estate planning.